Trading Tweaks
Price Band Revised From 10% To 5%: Best Agrolife,
Price Band Revised From 20% To 10%: Century Plyboards (India)
Move Into Short-Term ASM Framework: Easy Trip Planners, Oriental Hotels
Move Out Of Short-Term ASM Framework: Nxtdigital, Sanghvi Movers, NACL Industries, Nath Bio-Genes (India), Avadh Sugar & Energy
Move Into ASM Framework: Tamilnadu PetroProducts, Kirloskar Brothers, Tata Teleservices (Maharashtra), Rajratan Global Wire, Century Plyboards (India)
Record Date Buyback And Dividend: Welspun India
Price Band Revised From 10% To 5%: Best Agrolife,
Price Band Revised From 20% To 10%: Century Plyboards (India)
Move Into Short-Term ASM Framework: Easy Trip Planners, Oriental Hotels
Move Out Of Short-Term ASM Framework: Nxtdigital, Sanghvi Movers, NACL Industries, Nath Bio-Genes (India), Avadh Sugar & Energy
Move Into ASM Framework: Tamilnadu PetroProducts, Kirloskar Brothers, Tata Teleservices (Maharashtra), Rajratan Global Wire, Century Plyboards (India)
Record Date Buyback And Dividend: Welspun India
Money Market Update
The rupee ended at 72.78 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.96.
The rupee ended at 72.78 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.96.
Economic Times
Business Standard
Ø RBI meets heads of private sector banks to assess Covid impact
Ø CIL's coal allocation to power sector under e-auction drops 28% in April
Ø India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21, says government
Ø HPCL shuts 70,000 bpd fire-hit crude unit at Vizag refinery
Ø BPCL may sell some stake in IGL, Petronet to shed promoter status
Ø Britain opens 14-week consultation to fire 'starting gun' on FTA with India
Ø HDFC to raise up to Rs 7,000 cr by issuing bonds on private placement basis
Ø Adani Total, Apollo Hospitals, Chola could move to MF large-cap universe
Ø PharmEasy acquires Medlife, becomes India's largest e-pharma company
Ø Thermax March-quarter net jumps nearly three-fold to Rs 107 crore
Ø AstraZeneca Pharma India Q4 net profit up nearly 3-fold to Rs 27.27 cr
Ø Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially
Business Line
Mint
Ø Barclays cuts India’s FY22 GDP estimate to 9.2%
Ø India's Q4 GDP growth likely to be better than estimates
Ø SBI research projects Q1FY22 real GDP growth at 10-15%
Ø Piramal Group files application in NCLAT on DHFL
Ø No major impact of pandemic on client deliverables: Infosys
Ø Marico hopes margins will recover as copra prices fall
Ø Low base of FY21 & good monsoon will help recovery in auto sales: India Ratings
Ø Sentieo raises $20 million in Series B funding round
Ø Pfizer ready to supply 5 crore Covid-19 doses to India this year: Report
Ø Bitcoin slips below $38,000 in a retreat from Monday’s rally
Ø Atlan raises $16 million in Series A funding led by Insight Partners
Financial Express
Business World
Ø NHPC awards Rs 188 cr contract to Tata Power Solar Systems
Ø Strides Ventures announces new fund, targets corpus of up to Rs 1,875 crore
Ø Alkem Labs Q4 profit up 30 pc at Rs 249 cr
Ø RBI Framework 2.0: SBI Card Puts In Place Mechanism For COVID Stress Relief
Ø Jaypee Infratech Case: Erstwhile Promoter JAL Demands Coc To Consider Its Offer
Business Standard
Ø RBI meets heads of private sector banks to assess Covid impact
Ø CIL's coal allocation to power sector under e-auction drops 28% in April
Ø India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21, says government
Ø HPCL shuts 70,000 bpd fire-hit crude unit at Vizag refinery
Ø BPCL may sell some stake in IGL, Petronet to shed promoter status
Ø Britain opens 14-week consultation to fire 'starting gun' on FTA with India
Ø HDFC to raise up to Rs 7,000 cr by issuing bonds on private placement basis
Ø Adani Total, Apollo Hospitals, Chola could move to MF large-cap universe
Ø PharmEasy acquires Medlife, becomes India's largest e-pharma company
Ø Thermax March-quarter net jumps nearly three-fold to Rs 107 crore
Ø AstraZeneca Pharma India Q4 net profit up nearly 3-fold to Rs 27.27 cr
Ø Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially
Business Line
Mint
Ø Barclays cuts India’s FY22 GDP estimate to 9.2%
Ø India's Q4 GDP growth likely to be better than estimates
Ø SBI research projects Q1FY22 real GDP growth at 10-15%
Ø Piramal Group files application in NCLAT on DHFL
Ø No major impact of pandemic on client deliverables: Infosys
Ø Marico hopes margins will recover as copra prices fall
Ø Low base of FY21 & good monsoon will help recovery in auto sales: India Ratings
Ø Sentieo raises $20 million in Series B funding round
Ø Pfizer ready to supply 5 crore Covid-19 doses to India this year: Report
Ø Bitcoin slips below $38,000 in a retreat from Monday’s rally
Ø Atlan raises $16 million in Series A funding led by Insight Partners
Financial Express
Business World
Ø NHPC awards Rs 188 cr contract to Tata Power Solar Systems
Ø Strides Ventures announces new fund, targets corpus of up to Rs 1,875 crore
Ø Alkem Labs Q4 profit up 30 pc at Rs 249 cr
Ø RBI Framework 2.0: SBI Card Puts In Place Mechanism For COVID Stress Relief
Ø Jaypee Infratech Case: Erstwhile Promoter JAL Demands Coc To Consider Its Offer
Stocks To Watch
HPCL: Shut one of the crude units at Vizag refinery on Tuesday, after an overheated line caught fire, said Chairman Mukesh Kumar Surana. The fire broke out at 3 pm and has been extinguished, the company said. No casualties were reported.
Hinduja Global Solutions: To hire up to 250 remote customer service representatives in Montreal, Quebec to support its ongoing growth of its Canadian Entity.
PNB Housing Finance: Executed a revised Trademark Agreement with Punjab National Bank on May 24. The existing brand arrangement dated December 7, 2009 will continue to govern use of PNB trademark until PNB’s shareholding in the company is 30% or more. Upon PNB’s shareholding falling below 30%, the new agreement will replace the existing agreement. Further, the Board of Directors of the company will meet on May 31 to consider fund raising by issue of equity shares.
Sun Pharma Advanced Research Company: Appointed Anil Raghavan as Chief Executive Officer for a term of five years i.e up to May 24, 2026. Further, Dilip Shanghvi has resigned as the Managing Director with immediate effect. He will continue to be associated with the board in his capacity as a non-executive director and Chairman
Vardhman Textiles: Yarn production up 11.35% year-on-year to 57,256 MT and sales up 6.66% YoY to 56,698 MT. Grey Fabric production up 10.28% quarter-on-quarter to 547 lakh meters and sales up 17.24% QoQ to 57 LM. Processed Fabric production up 5% QoQ to 357 LM and sales up 5.84% QoQ to 344 LM.
Zuari Agro Chemicals: Incurred a loss of Rs 2.5 crore due to the damages caused by Cyclone Tauktae to its fertilizer plant in Goa.
Mahindra Holidays & Resorts India: Appointed Sujit Vaidya as Chief Financial Officer with effect from June 1. Vaidya will replace Akhila Balachandar who will cease to be the CFO effective May 31.
Bajaj Electricals: Appointed EC Prasad, the existing Vice President – Finance and Finance Controller of the company, as Chief Financial Officer with effect from July 1.
Valiant Organics Appointed Mahek Chheda as Chief Financial Officer with effect from May 26. Chheda will replace Piyush Lakhani who has resigned on medical grounds.
Nagarjuna Fertilizers and Chemicals: Appointed Sudhakar Rao Annam as Chief Financial Officer with effect from May 24.
Nifty Earnings: BPCL
Non-Nifty Earnings: Allsec Technologies, Arvind, Astra Microwave Products, Berger Paints India, Burger King India,Capital India Finance, Cummins India, LT Foods, Datamatics Global Services, FDC, Gabriel India, Hindustan Composites, Hindustan Foods, J Kumar Infraprojects, Jtekt India, KIOCL, Kewal Kiran Clothing, Manappuram Finance, Mold-Tek Packaging, MPS, Pfizer, Pricol, Sharda Cropchem, Somany Home Innovation, The Investment Trust Of India, Thirumalai Chemicals, Uniphos Enterprises, Vardhman Holdings
HPCL: Shut one of the crude units at Vizag refinery on Tuesday, after an overheated line caught fire, said Chairman Mukesh Kumar Surana. The fire broke out at 3 pm and has been extinguished, the company said. No casualties were reported.
Hinduja Global Solutions: To hire up to 250 remote customer service representatives in Montreal, Quebec to support its ongoing growth of its Canadian Entity.
PNB Housing Finance: Executed a revised Trademark Agreement with Punjab National Bank on May 24. The existing brand arrangement dated December 7, 2009 will continue to govern use of PNB trademark until PNB’s shareholding in the company is 30% or more. Upon PNB’s shareholding falling below 30%, the new agreement will replace the existing agreement. Further, the Board of Directors of the company will meet on May 31 to consider fund raising by issue of equity shares.
Sun Pharma Advanced Research Company: Appointed Anil Raghavan as Chief Executive Officer for a term of five years i.e up to May 24, 2026. Further, Dilip Shanghvi has resigned as the Managing Director with immediate effect. He will continue to be associated with the board in his capacity as a non-executive director and Chairman
Vardhman Textiles: Yarn production up 11.35% year-on-year to 57,256 MT and sales up 6.66% YoY to 56,698 MT. Grey Fabric production up 10.28% quarter-on-quarter to 547 lakh meters and sales up 17.24% QoQ to 57 LM. Processed Fabric production up 5% QoQ to 357 LM and sales up 5.84% QoQ to 344 LM.
Zuari Agro Chemicals: Incurred a loss of Rs 2.5 crore due to the damages caused by Cyclone Tauktae to its fertilizer plant in Goa.
Mahindra Holidays & Resorts India: Appointed Sujit Vaidya as Chief Financial Officer with effect from June 1. Vaidya will replace Akhila Balachandar who will cease to be the CFO effective May 31.
Bajaj Electricals: Appointed EC Prasad, the existing Vice President – Finance and Finance Controller of the company, as Chief Financial Officer with effect from July 1.
Valiant Organics Appointed Mahek Chheda as Chief Financial Officer with effect from May 26. Chheda will replace Piyush Lakhani who has resigned on medical grounds.
Nagarjuna Fertilizers and Chemicals: Appointed Sudhakar Rao Annam as Chief Financial Officer with effect from May 24.
Nifty Earnings: BPCL
Non-Nifty Earnings: Allsec Technologies, Arvind, Astra Microwave Products, Berger Paints India, Burger King India,Capital India Finance, Cummins India, LT Foods, Datamatics Global Services, FDC, Gabriel India, Hindustan Composites, Hindustan Foods, J Kumar Infraprojects, Jtekt India, KIOCL, Kewal Kiran Clothing, Manappuram Finance, Mold-Tek Packaging, MPS, Pfizer, Pricol, Sharda Cropchem, Somany Home Innovation, The Investment Trust Of India, Thirumalai Chemicals, Uniphos Enterprises, Vardhman Holdings
*POLYPLEX CORP*
Q4 Cons Net profit 1.25B Rupees Vs 230M (YOY)
1.31B (QOQ)
Q4 Revenues 12.94B Rupees Vs 11.9B (YOY)
*Dividend*-17
*LAXMI ORGANIC INDUSTRIES*
Q4 Cons Net profit 363.4M Rupees Vs 100.4M (YOY) 452.1M (QOQ)
Q4 Revenues 5.2B Rupees Vs 3.87B (YOY)
*Dividend-* 0.5/shares
Q4 Cons Net profit 1.25B Rupees Vs 230M (YOY)
1.31B (QOQ)
Q4 Revenues 12.94B Rupees Vs 11.9B (YOY)
*Dividend*-17
*LAXMI ORGANIC INDUSTRIES*
Q4 Cons Net profit 363.4M Rupees Vs 100.4M (YOY) 452.1M (QOQ)
Q4 Revenues 5.2B Rupees Vs 3.87B (YOY)
*Dividend-* 0.5/shares
Good numbers by #LaxmiOrganic
Total income 470 Cr vs 342 Cr YOY
PBT 42.5 Cr vs 8.2 Cr YOY
PAT 31 Cr vs 13 Cr
EPS 1.34 vs 0.60
Full year EPS INR 5.40/-
Dividend 0.50/- Share
QoQ, profits are down because of higher expenses... Overall good numbers
Total income 470 Cr vs 342 Cr YOY
PBT 42.5 Cr vs 8.2 Cr YOY
PAT 31 Cr vs 13 Cr
EPS 1.34 vs 0.60
Full year EPS INR 5.40/-
Dividend 0.50/- Share
QoQ, profits are down because of higher expenses... Overall good numbers
Pledge Share Details
Adani Ports And Special Economic Zone: Promoter Group (Gautam Adani and Rajesh Adani) revoked pledge of 8 lakh shares on May 24.As reported on May 25.
Adani Ports And Special Economic Zone: Promoter Group (Gautam Adani and Rajesh Adani) revoked pledge of 8 lakh shares on May 24.As reported on May 25.
Insider Trades
Ultramarine & Pigments: Promoter S Narayan sold 7,000 shares on May 24
Ultramarine & Pigments: Promoter S Narayan sold 7,000 shares on May 24
*Praj Industries Outlines Its ‘String Of Pearls’ Strategy*
Praj Industries Ltd. targets to be a “string of pearls” company with multiple segments driving its earnings.
From ethanol and bioenergy to wastewater treatment, the company sees all its businesses contributing, Shishir Joshipura, managing director and chief executive officer at Praj Industries, said in an interview with BloombergQuint’s Niraj Shah.
*Ethanol*
India’s E20 plan envisaging 20% blending of ethanol by 2025 in petrol is also now the company’s core programme, Joshipura said. Additional orders that need to be put out for machinery would total up to roughly Rs 14,000 crore by then, he said.
Praj Industries will be able to maintain about two-thirds of its market share in the business, according to Joshipura. Investments in technology over the years will help the company keep its edge and the company would be able to bag at least two-thirds of the orders, he said.
If blending in diesel starts as well, it will be an added opportunity for Praj Industries and other companies in this segment.
*Biogas*
India plans to increase the share of gas in the nation’s fuel mix. Under the government’s Sustainable Alternative Towards Affordable Transportation programme, India seeks to set up 5,000 plants generating biogas of stricter specifications than CNG, he said.
*Wastewater*
Zero liquid discharge is becoming an important aspect of wastewater disposal and Praj Industries’ role is well established, Joshipura said.
“I am not aware of any other water treatment company in India, which has its core strength in microbiology like Praj,” he said.
Joshipura said if the last quarter of FY21 is a barometer of what the company can consistently do, the company will not need to incur very large capex costs to increase output. It, however, will continue to invest heavily in R&D to stay ahead of the race in the field of sustainable bioenergy, he said.
Kotak Securities estimates that Praj Industry can double its revenues and treble its profits by FY23. In FY21, the company clocked a revenue of Rs 1,305 crore and a net profit of Rs 81 crore.
Joshipura said that kind of growth is possible if the ecosystem develops as it is expected.
The stock has already surpassed Kotak's 12-month price target of Rs 315 and Phillip Capital's Rs 320 apiece. Shares of Praj Industries have surged 175% so far this year. The benchmark Nifty 50 is up about 9% year to date.
Praj Industries Ltd. targets to be a “string of pearls” company with multiple segments driving its earnings.
From ethanol and bioenergy to wastewater treatment, the company sees all its businesses contributing, Shishir Joshipura, managing director and chief executive officer at Praj Industries, said in an interview with BloombergQuint’s Niraj Shah.
*Ethanol*
India’s E20 plan envisaging 20% blending of ethanol by 2025 in petrol is also now the company’s core programme, Joshipura said. Additional orders that need to be put out for machinery would total up to roughly Rs 14,000 crore by then, he said.
Praj Industries will be able to maintain about two-thirds of its market share in the business, according to Joshipura. Investments in technology over the years will help the company keep its edge and the company would be able to bag at least two-thirds of the orders, he said.
If blending in diesel starts as well, it will be an added opportunity for Praj Industries and other companies in this segment.
*Biogas*
India plans to increase the share of gas in the nation’s fuel mix. Under the government’s Sustainable Alternative Towards Affordable Transportation programme, India seeks to set up 5,000 plants generating biogas of stricter specifications than CNG, he said.
*Wastewater*
Zero liquid discharge is becoming an important aspect of wastewater disposal and Praj Industries’ role is well established, Joshipura said.
“I am not aware of any other water treatment company in India, which has its core strength in microbiology like Praj,” he said.
Joshipura said if the last quarter of FY21 is a barometer of what the company can consistently do, the company will not need to incur very large capex costs to increase output. It, however, will continue to invest heavily in R&D to stay ahead of the race in the field of sustainable bioenergy, he said.
Kotak Securities estimates that Praj Industry can double its revenues and treble its profits by FY23. In FY21, the company clocked a revenue of Rs 1,305 crore and a net profit of Rs 81 crore.
Joshipura said that kind of growth is possible if the ecosystem develops as it is expected.
The stock has already surpassed Kotak's 12-month price target of Rs 315 and Phillip Capital's Rs 320 apiece. Shares of Praj Industries have surged 175% so far this year. The benchmark Nifty 50 is up about 9% year to date.
*Noted Bulk Deals*
*-------------------*
*BSE*
*-------------------*
*ANUP* || Hdfc Mutual Fund || *Sell* || 85842 Shrs @ Rs 682 || Rs 6 cr
*NSE*
*-------------------*
*AARTISURF* || Chandrakant Vallabhji Gogri || *Sell* || 80000 Shrs @ Rs 1404.22 || Rs 11 cr
*AMARAJABAT* || Clarios Arbl Holding Lp || *Sell* || 17081250 Shrs @ Rs 747.22 || Rs 1276 cr
*AMARAJABAT* || Ghisallo Master Fund Lp || *Buy* || 1400000 Shrs @ Rs 746 || Rs 104 cr
*AMARAJABAT* || Integrated Core Strategies Asia Pte Ltd || *Buy* || 1750000 Shrs @ Rs 746 || Rs 131 cr
*AMARAJABAT* || Morgan Stanley Asia Singapore Pte Odi || *Buy* || 1806000 Shrs @ Rs 746 || Rs 135 cr
*ANUP* || Hdfc Mutual Fund A/C Hdfc Midcap Opportunities Fund || *Sell* || 85850 Shrs @ Rs 682.02 || Rs 6 cr
*ORIENTHOT* || Birla Dividend Yield Plus || *Sell* || 1215016 Shrs @ Rs 39.8 || Rs 5 cr
*SANDHAR* || Nippon India Mutual Fund || *Buy* || 400000 Shrs @ Rs 240.53 || Rs 10 cr
*-------------------*
*BSE*
*-------------------*
*ANUP* || Hdfc Mutual Fund || *Sell* || 85842 Shrs @ Rs 682 || Rs 6 cr
*NSE*
*-------------------*
*AARTISURF* || Chandrakant Vallabhji Gogri || *Sell* || 80000 Shrs @ Rs 1404.22 || Rs 11 cr
*AMARAJABAT* || Clarios Arbl Holding Lp || *Sell* || 17081250 Shrs @ Rs 747.22 || Rs 1276 cr
*AMARAJABAT* || Ghisallo Master Fund Lp || *Buy* || 1400000 Shrs @ Rs 746 || Rs 104 cr
*AMARAJABAT* || Integrated Core Strategies Asia Pte Ltd || *Buy* || 1750000 Shrs @ Rs 746 || Rs 131 cr
*AMARAJABAT* || Morgan Stanley Asia Singapore Pte Odi || *Buy* || 1806000 Shrs @ Rs 746 || Rs 135 cr
*ANUP* || Hdfc Mutual Fund A/C Hdfc Midcap Opportunities Fund || *Sell* || 85850 Shrs @ Rs 682.02 || Rs 6 cr
*ORIENTHOT* || Birla Dividend Yield Plus || *Sell* || 1215016 Shrs @ Rs 39.8 || Rs 5 cr
*SANDHAR* || Nippon India Mutual Fund || *Buy* || 400000 Shrs @ Rs 240.53 || Rs 10 cr
*Good Morning*
• India Said to Plan Stimulus Package to Aid Economic Growth
o Stimulus may be in form of tax concessions: economist
• One Million Evacuated as New Cyclone Nears Covid-Ravaged India
• Covid Fears Paralyze Global Carmakers in India’s Detroit
• India’s Food Grain Output Seen at Record 305.4M Tons in 2020-21
• Indian Edible Oil Group Says Not in Favor of Any Import Duty Cut
• RBI Governor Asked Banks to Swiftly Implement May 5 Measures
• India Sees Compensation Cess Shortfall Of Nearly INR2.7T in FY22: BQ
• Container Ship Ablaze Off Colombo Threatens Chemical, Oil Spill
• Global Funds Buy Net INR9.6B of India Stocks on Tuesday: NSE
o Domestic funds sell net 5.64b rupees of stocks
• Foreign Investors Buy Net INR11.2B of Indian Equities on May 24
• Foreigners Buy Net INR13.5B of Indian Equity Derivatives Tuesday
• Gold Touches Four-Month High on Fed Policy View, Home- Sales Drop
• Moderna Plans Single-Dose Covid Shot in India: PTI
• AIA Engineering (AIAE): 4Q net income -5% y/y to 1.34b rupees, est. 1.37b
• AstraZeneca India (ASTR): 4Q net income 272.8m rupees vs. 95.8m y/y
• Motherson Sumi Systems (MSS): CCI gets notice under green channel from MSS; Intra-group Motherson Reorganization deemed approved
• PNB Housing Finance (PNBHOUSI): Executed a revised Trademark Agreement with Punjab National Bank (PNB)
• Sun Pharma Advanced (SPADV): Dilip Shanghvi resigns as MD, to be non executive director, chairman
• Thermax (TMX): 4Q net income 1.07b rupees, est. 1.14b; Revenue +19% to 15.7b
• India Said to Plan Stimulus Package to Aid Economic Growth
o Stimulus may be in form of tax concessions: economist
• One Million Evacuated as New Cyclone Nears Covid-Ravaged India
• Covid Fears Paralyze Global Carmakers in India’s Detroit
• India’s Food Grain Output Seen at Record 305.4M Tons in 2020-21
• Indian Edible Oil Group Says Not in Favor of Any Import Duty Cut
• RBI Governor Asked Banks to Swiftly Implement May 5 Measures
• India Sees Compensation Cess Shortfall Of Nearly INR2.7T in FY22: BQ
• Container Ship Ablaze Off Colombo Threatens Chemical, Oil Spill
• Global Funds Buy Net INR9.6B of India Stocks on Tuesday: NSE
o Domestic funds sell net 5.64b rupees of stocks
• Foreign Investors Buy Net INR11.2B of Indian Equities on May 24
• Foreigners Buy Net INR13.5B of Indian Equity Derivatives Tuesday
• Gold Touches Four-Month High on Fed Policy View, Home- Sales Drop
• Moderna Plans Single-Dose Covid Shot in India: PTI
• AIA Engineering (AIAE): 4Q net income -5% y/y to 1.34b rupees, est. 1.37b
• AstraZeneca India (ASTR): 4Q net income 272.8m rupees vs. 95.8m y/y
• Motherson Sumi Systems (MSS): CCI gets notice under green channel from MSS; Intra-group Motherson Reorganization deemed approved
• PNB Housing Finance (PNBHOUSI): Executed a revised Trademark Agreement with Punjab National Bank (PNB)
• Sun Pharma Advanced (SPADV): Dilip Shanghvi resigns as MD, to be non executive director, chairman
• Thermax (TMX): 4Q net income 1.07b rupees, est. 1.14b; Revenue +19% to 15.7b
FII Cash +959.77
DII Cash - 563.59
Index Fut
FII - Fresh long & fresh short
DII - short cover
Retail - long unwind & fresh short
Pro - long unwind
Fwd
DII Cash - 563.59
Index Fut
FII - Fresh long & fresh short
DII - short cover
Retail - long unwind & fresh short
Pro - long unwind
Fwd
#LargeTrade
#AMARA_RAJA_BATTERIES
➖ CLARIOS ARBL HOLDING LP SOLD 1.7 Crore Shares
➕ MORGAN STANLEY ASIA SINGAPORE PTE ODI Bought 18 Lakh Shares
➕ INTEGRATED CORE STRATEGIES ASIA PTE LTD Bought 17.50 Lakh Shares
➕ GHISALLO MASTER FUND LP Bought 14 Lakh Shares
#AMARA_RAJA_BATTERIES
➖ CLARIOS ARBL HOLDING LP SOLD 1.7 Crore Shares
➕ MORGAN STANLEY ASIA SINGAPORE PTE ODI Bought 18 Lakh Shares
➕ INTEGRATED CORE STRATEGIES ASIA PTE LTD Bought 17.50 Lakh Shares
➕ GHISALLO MASTER FUND LP Bought 14 Lakh Shares
Listen to Markets Headsup - Wednesday, May 26, 2021 by Market Headsup With Hormaz Fatakia on #SoundCloud
https://soundcloud.app.goo.gl/Pp5tE
https://soundcloud.app.goo.gl/Pp5tE
╭───────────────────╮
🌄 *Shuboudhaya : 26 MAY 2021*🙏🏻
╰───────────────────╯
*❖Today's top News❖*
💐 *❖ Happy Buddha Purnima❖*: It is celebrated commemorating the birth of Lord Buddha. According to Buddhist traditions, Prince Siddhartha Gautama, later known as Gautama Buddha, was born in 623 B.C. at Lumbini in the Terai region of Nepal. Buddha Purnima, in the month of Vaishakha, is an extremely auspicious day. It is believed that Gautama Buddha obtained enlightenment on this day. Buddha Purnima is also known as Buddha Jayanti, Vesak and Vaishaka.
A couple of centuries after his death he came to be known by the title *Buddha, which means "Awakened One" or "Enlightened One.*
2. *President Ram Nath Kovind has greeted the nation on the eve of Buddha Purnima* . In his message, Mr. Kovind has said, the teachings of Lord Buddha lead us to the path of freedom from suffering and misery. Buddha taught people to abstain from violence and injustice and this very Mantra has been motivating for centuries to become ideal human beings.
3. A total lunar eclipse will take place on 26 May 2021. A lunar eclipse occurs when the Moon moves into the Earth's shadow. This can occur only when the Sun, Earth, and Moon are exactly or very closely aligned (in syzygy) with Earth between the other two, which can only happen the night of a full moon. The eclipsed moon appears as a faint red disk in the sky due to a small amount of light being refracted through the earth's atmosphere.
4. PM Narendra Modi, parliamentary leader of the Bharatiya Janata Party, started the first tenure of his prime ministership, after his swearing-in as the 14th Prime Minister of India on 26 May 2014.
5. *Cyclone Yaas likely to intensify into very severe cyclonic storm* to reach near Odisha's Dhamra port by Wednesday morning. it is very likely to cross the North Odisha and West Bengal coasts between Paradip and Sagar Island close to north of Dhamra and south of Balasore.
6. Director General of National Disaster Response Force S. N. Pradhan has said that lakhs of people are being evacuated in Odisha and West Bengal in view of Cyclone Yaas. 52 teams of NDRF are in Odisha and 45 teams are in West Bengal helping the State Administration in evacuation.
7. The Union Government has released Rs 1605 crore to eight North Eastern states under Jal Jeevan Mission to provide tap water supply to rural homes in the current financial year.
8. *Piyush Goyal Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution reviews the progress of Udhampur-Srinagar-Baramulla Rail link Project (USBRL) through video conference* : Work on the remaining portion of the USBRL project to be completed in mission mode, Completion date is April- 2023.
9. *Udhampur-Srinagar- Baramulla Rail link Project (USBRL) having length of 272 Km long Railway Line from Udhampur to Baramulla joining the Kashmir valley with rest of the country and has been declared as National Project in 2002.* Out of 272 Km of USBRL Project, work has been completed on 161 Km and commissioned. Status of work sub-divided into three legs is as under:
i. *Udhampur – Katra* -25km (commissioned in July 2014)
ii. *Quazigund – Baramulla* – 118km (commissioned in Oct., 2009)
iii. *Banihal – Quazigund* – 18km (commissioned in June 2013)
iv. *Katra to Banihal-* 111km in progress (Target 2022-23)
❖Completion date of the project is April-2023.
10. *Subodh Kumar Jaiswal appointed as the new CBI director* : Subodh Kumar Jaiswal, Director General of the CISF and an IPS officer from the 1985 batch Maharashtra cadre, was named CBI Director.
11. *Cabinet approves Madhya Pradesh’s Mukhya Mantri Covid-19 Anukampa Niyukti Yojana* : The Mukhya Mantri Covid-19 Anukampa Niyukti Yojana has been implemented for all regular permanent workers, workers on workload and contingency fund, daily wage earners, ad hoc, contractual, collector rate, government servants working as outsourced employees.
🌄 *Shuboudhaya : 26 MAY 2021*🙏🏻
╰───────────────────╯
*❖Today's top News❖*
💐 *❖ Happy Buddha Purnima❖*: It is celebrated commemorating the birth of Lord Buddha. According to Buddhist traditions, Prince Siddhartha Gautama, later known as Gautama Buddha, was born in 623 B.C. at Lumbini in the Terai region of Nepal. Buddha Purnima, in the month of Vaishakha, is an extremely auspicious day. It is believed that Gautama Buddha obtained enlightenment on this day. Buddha Purnima is also known as Buddha Jayanti, Vesak and Vaishaka.
A couple of centuries after his death he came to be known by the title *Buddha, which means "Awakened One" or "Enlightened One.*
2. *President Ram Nath Kovind has greeted the nation on the eve of Buddha Purnima* . In his message, Mr. Kovind has said, the teachings of Lord Buddha lead us to the path of freedom from suffering and misery. Buddha taught people to abstain from violence and injustice and this very Mantra has been motivating for centuries to become ideal human beings.
3. A total lunar eclipse will take place on 26 May 2021. A lunar eclipse occurs when the Moon moves into the Earth's shadow. This can occur only when the Sun, Earth, and Moon are exactly or very closely aligned (in syzygy) with Earth between the other two, which can only happen the night of a full moon. The eclipsed moon appears as a faint red disk in the sky due to a small amount of light being refracted through the earth's atmosphere.
4. PM Narendra Modi, parliamentary leader of the Bharatiya Janata Party, started the first tenure of his prime ministership, after his swearing-in as the 14th Prime Minister of India on 26 May 2014.
5. *Cyclone Yaas likely to intensify into very severe cyclonic storm* to reach near Odisha's Dhamra port by Wednesday morning. it is very likely to cross the North Odisha and West Bengal coasts between Paradip and Sagar Island close to north of Dhamra and south of Balasore.
6. Director General of National Disaster Response Force S. N. Pradhan has said that lakhs of people are being evacuated in Odisha and West Bengal in view of Cyclone Yaas. 52 teams of NDRF are in Odisha and 45 teams are in West Bengal helping the State Administration in evacuation.
7. The Union Government has released Rs 1605 crore to eight North Eastern states under Jal Jeevan Mission to provide tap water supply to rural homes in the current financial year.
8. *Piyush Goyal Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution reviews the progress of Udhampur-Srinagar-Baramulla Rail link Project (USBRL) through video conference* : Work on the remaining portion of the USBRL project to be completed in mission mode, Completion date is April- 2023.
9. *Udhampur-Srinagar- Baramulla Rail link Project (USBRL) having length of 272 Km long Railway Line from Udhampur to Baramulla joining the Kashmir valley with rest of the country and has been declared as National Project in 2002.* Out of 272 Km of USBRL Project, work has been completed on 161 Km and commissioned. Status of work sub-divided into three legs is as under:
i. *Udhampur – Katra* -25km (commissioned in July 2014)
ii. *Quazigund – Baramulla* – 118km (commissioned in Oct., 2009)
iii. *Banihal – Quazigund* – 18km (commissioned in June 2013)
iv. *Katra to Banihal-* 111km in progress (Target 2022-23)
❖Completion date of the project is April-2023.
10. *Subodh Kumar Jaiswal appointed as the new CBI director* : Subodh Kumar Jaiswal, Director General of the CISF and an IPS officer from the 1985 batch Maharashtra cadre, was named CBI Director.
11. *Cabinet approves Madhya Pradesh’s Mukhya Mantri Covid-19 Anukampa Niyukti Yojana* : The Mukhya Mantri Covid-19 Anukampa Niyukti Yojana has been implemented for all regular permanent workers, workers on workload and contingency fund, daily wage earners, ad hoc, contractual, collector rate, government servants working as outsourced employees.
In the event of death of these employees from Covid infection, an eligible member of their family will be given compassionate appointment in the same type of employment under the scheme.
12. The National Human Rights Commission (NHRC) on Tuesday issued notices to the governments of Haryana, NCT of Delhi and Uttar Pradesh seeking reports on action taken to control spread of Covid infections at the sites where farmers are staging protests.
13. Bollywood actor Sonu Sood has played a huge part in helping the nation and its people during the Coranavirus crisis in India. The actor stepped out of his Mumbai residence to meet a few people who had arrived to meet the actor for his help. Meanwhile, the actor has been using his social media to help find hospital beds and oxygen supplies for those in need.
14. *Cyclone Yaas: Indian Navy Teams Deployed In West Bengal With Essential Equipment*
As the India Meteorological Department (IMD) has predicted Cyclone Yaas to make landfall with very severe effect, the Indian Navy, on Tuesday swung into action with teams deployed in West Bengal.
15. *Pakistan-sponsored narco-terror module busted in J-K's Kupwara,*
: The Jammu and Kashmir Police busted a Pakistan sponsored narco-terror module and arrested one terrorist associate, The arrested terrorist associate has been identified as Mudasir Ahmad Lone and eight kilograms of heroin worth Rs 50 crore were seized.
*✈INTERNATIONAL NEWS*
1. *The Union Cabinet has approved the opening of a new Consulate General of India in Addu City, Maldives in 2021* . India and Maldives share ethnic, linguistic, cultural, religious and commercial links steeped in antiquity. Maldives occupies an important place in the Neighbourhood First Policy and the SAGAR- Security and Growth for All in the Region- vision of the Government of India. The opening of a Consulate General in Addu City will help augment India's diplomatic presence in Maldives and make it commensurate with the existing and aspired level of engagement.
2. *External Affairs Minister Dr S Jaishankar met UN Secretary General Antonio Guterres in New York and discussed the COVID challenge* , underlining the importance of finding urgent and effective global vaccine solutions.
3. *India and Israel have signed a three-year joint work programme till 2023 with an aim to enhance cooperation in the field of agriculture, Agriculture Minister Narendra Singh Tomar said* : This is the 5th Indo-Israel Agriculture Action Plan (IIAP). So far, we have successfully completed four action plans since 1993.
4. *China defends CPEC (China-Pakistan Economic Corridor), calls it an economic initiative; says it won’t affect its stand on Kashmir.* CPEC, which traverses through Pakistan-occupied Kashmir (PoK), is the flagship project of China’s Belt and Road Initiative (BRI). Modern transportation networks built under CPEC will link seaports in Gwadar and Karachi with northern Pakistan, as well as points further north in western China and Central Asia. A 1,100-kilometre-long motorway will be built between the cities of Karachi and Lahore as part of CPEC.
5. Moderna is expecting to launch a single-dose COVID-19 vaccine in India next year and is in talks with Cipla among other Indian firms, while another US giant Pfizer is ready to offer 5 crore shots in 2021 itself but it wants significant regulatory relaxations including indemnification.
*🌎WORLD NEWS🌍*
1. USA, New York City and Los Angeles, the two largest US public school districts, yesterday announced plans to fully reopen schools amid a sustained decline in COVID-19 infections and rise in vaccinations.
2. *Afghan forces clashed with Taliban fighters in a provincial capital about 120 km from Kabul.*
3. *The United States will help rebuild Gaza as part of efforts to consolidate the ceasefire between Israel & Palestinian militant groups.* After meeting Israel's PM, US Secretary of State Antony Blinken said, it was necessary to tackle the grave humanitarian situation to prevent a return to violence.
12. The National Human Rights Commission (NHRC) on Tuesday issued notices to the governments of Haryana, NCT of Delhi and Uttar Pradesh seeking reports on action taken to control spread of Covid infections at the sites where farmers are staging protests.
13. Bollywood actor Sonu Sood has played a huge part in helping the nation and its people during the Coranavirus crisis in India. The actor stepped out of his Mumbai residence to meet a few people who had arrived to meet the actor for his help. Meanwhile, the actor has been using his social media to help find hospital beds and oxygen supplies for those in need.
14. *Cyclone Yaas: Indian Navy Teams Deployed In West Bengal With Essential Equipment*
As the India Meteorological Department (IMD) has predicted Cyclone Yaas to make landfall with very severe effect, the Indian Navy, on Tuesday swung into action with teams deployed in West Bengal.
15. *Pakistan-sponsored narco-terror module busted in J-K's Kupwara,*
: The Jammu and Kashmir Police busted a Pakistan sponsored narco-terror module and arrested one terrorist associate, The arrested terrorist associate has been identified as Mudasir Ahmad Lone and eight kilograms of heroin worth Rs 50 crore were seized.
*✈INTERNATIONAL NEWS*
1. *The Union Cabinet has approved the opening of a new Consulate General of India in Addu City, Maldives in 2021* . India and Maldives share ethnic, linguistic, cultural, religious and commercial links steeped in antiquity. Maldives occupies an important place in the Neighbourhood First Policy and the SAGAR- Security and Growth for All in the Region- vision of the Government of India. The opening of a Consulate General in Addu City will help augment India's diplomatic presence in Maldives and make it commensurate with the existing and aspired level of engagement.
2. *External Affairs Minister Dr S Jaishankar met UN Secretary General Antonio Guterres in New York and discussed the COVID challenge* , underlining the importance of finding urgent and effective global vaccine solutions.
3. *India and Israel have signed a three-year joint work programme till 2023 with an aim to enhance cooperation in the field of agriculture, Agriculture Minister Narendra Singh Tomar said* : This is the 5th Indo-Israel Agriculture Action Plan (IIAP). So far, we have successfully completed four action plans since 1993.
4. *China defends CPEC (China-Pakistan Economic Corridor), calls it an economic initiative; says it won’t affect its stand on Kashmir.* CPEC, which traverses through Pakistan-occupied Kashmir (PoK), is the flagship project of China’s Belt and Road Initiative (BRI). Modern transportation networks built under CPEC will link seaports in Gwadar and Karachi with northern Pakistan, as well as points further north in western China and Central Asia. A 1,100-kilometre-long motorway will be built between the cities of Karachi and Lahore as part of CPEC.
5. Moderna is expecting to launch a single-dose COVID-19 vaccine in India next year and is in talks with Cipla among other Indian firms, while another US giant Pfizer is ready to offer 5 crore shots in 2021 itself but it wants significant regulatory relaxations including indemnification.
*🌎WORLD NEWS🌍*
1. USA, New York City and Los Angeles, the two largest US public school districts, yesterday announced plans to fully reopen schools amid a sustained decline in COVID-19 infections and rise in vaccinations.
2. *Afghan forces clashed with Taliban fighters in a provincial capital about 120 km from Kabul.*
3. *The United States will help rebuild Gaza as part of efforts to consolidate the ceasefire between Israel & Palestinian militant groups.* After meeting Israel's PM, US Secretary of State Antony Blinken said, it was necessary to tackle the grave humanitarian situation to prevent a return to violence.